Question

Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the...

Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $71.90 per patient-visit. Personnel expenses should be $37,300 per month plus $17.40 per patient-visit. Medical supplies should be $3,600 per month plus $12.80 per patient-visit. Occupancy expenses should be $10,000 per month plus $10.00 per patient-visit. Administrative expenses should be $5,500 per month plus $8.10 per patient-visit.

The clinic reported the following actual results for November:

Patient-visits 2,960
Revenue $ 244,240
Personnel expenses $ 98,320
Medical supplies $ 47,440
Occupancy expenses $ 26,550
Administrative expenses $ 16,950

Required:

Prepare a report showing the clinic's revenue and spending variances for November. Label each variance as favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

NextVisit question map

Question 3 of 12 Total 3 of 12

Prev

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
aizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the...
aizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $64.90 per patient-visit. Personnel expenses should be $36,600 per month plus $16.70 per patient-visit. Medical supplies should be $2,900 per month plus $12.10 per patient-visit. Occupancy expenses should be $9,300 per month plus $6.50 per patient-visit. Administrative expenses should be $4,800 per month plus $4.60 per patient-visit. The clinic reported the following actual results for November: Patient-visits 2,890 Revenue...
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the...
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $73.90 per patient-visit. Personnel expenses should be $37,500 per month plus $17.60 per patient-visit. Medical supplies should be $3,800 per month plus $13.00 per patient-visit. Occupancy expenses should be $10,200 per month plus $11.00 per patient-visit. Administrative expenses should be $5,700 per month plus $9.10 per patient-visit. The clinic reported the following actual results for November: Patient-visits 2,980 Revenue...
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the...
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $56.90 per patient-visit. Personnel expenses should be $35,800 per month plus $15.90 per patient-visit. Medical supplies should be $2,100 per month plus $11.30 per patient-visit. Occupancy expenses should be $8,500 per month plus $2.50 per patient-visit. Administrative expenses should be $4,000 per month plus $0.60 per patient-visit. The clinic reported the following actual results for November: Patient-visits 2,810 Revenue...
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the...
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $68.90 per patient-visit. Personnel expenses should be $37,000 per month plus $17.10 per patient-visit. Medical supplies should be $3,300 per month plus $12.50 per patient-visit. Occupancy expenses should be $9,700 per month plus $8.50 per patient-visit. Administrative expenses should be $5,200 per month plus $6.60 per patient-visit. The clinic reported the following actual results for November: Patient-visits 2,930 Revenue...
A clinic uses patient-visits as its measure of activity. During July, the clinic budgeted for 2,700...
A clinic uses patient-visits as its measure of activity. During July, the clinic budgeted for 2,700 patient-visits, but its actual level of activity was 3,200 patient-visits. The clinic uses the following revenue and cost formulas in its budgeting, where q is the number of patient-visits: Revenue: $49.60q Personnel expenses: $31,200 + $15.10q Medical supplies: $700 + $9.60q Occupancy expenses: $10,000 + $2.00q Administrative expenses: $7,000 + $0.20q The clinic reported the following actual results for July: Revenue $165,680 Personnel expenses...
Willow Clinic bases its budgets on patient-visits. During October, the clinic plans for a level of...
Willow Clinic bases its budgets on patient-visits. During October, the clinic plans for a level of activity of 2,230 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting: Fixed element per month Variable element per patient-visit Revenue - $ 64.00 Personnel expenses $ 24,500 $ 24.00 Medical supplies $ 830 $ 7.20 Occupancy expenses $ 5,450 $ 3.00 Administrative expenses $ 4,230 $ 12.20 Required: Prepare the clinic's planning budget for October.
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,850...
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,850 client-visits, but its actual level of activity was 3,840 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for November: Data used in budgeting: Fixed element per month Variable element per client-visit Revenue - $ 36.50 Personnel expenses $ 30,600 $ 11.50 Medical supplies 1,750 6.90 Occupancy expenses 8,700 3.00 Administrative expenses 7,000 0.30...
Boston Clinic uses patient-visits as its measure of activity. The clinic has provided the following report:...
Boston Clinic uses patient-visits as its measure of activity. The clinic has provided the following report: Boston Clinic Comparison of planning budget to actual results For the month ended December 31 Planing Budget Actual Reults Variances Patiens Visits 2,000 2,400 Revenue ($58.10/ patient) $116,200 $142,080 $25,880 F Expenses:    Personnel expenses ($30,000 + $17.40/patient) 65,200 74,250 9,050 U    Medical supplies ($1,300 + $9.6/patient) 20,500 24,670 4,170 U    Occupancy expenses ($9,000 + $1.9/patient) 12,800 14,020 1,220 U    Administrative...
During September, Monterey Clinic budgeted for 2,200 patient-visits, but its actual level of activity was 2,500...
During September, Monterey Clinic budgeted for 2,200 patient-visits, but its actual level of activity was 2,500 patient visits. revenue should be $49.00 per patient visit. Personnel expenses should be $30,700 per month plus $14.70 per patient visit. Medical supplies should be $1,800 per month plus $6.50 per patient visit. Occupancy expenses should be $7,600 per month plus $1.40 per patient visit. Administrative expenses should be $4,700 per month plus $ 0.10 per patient visit. Prepare the clinics flexible budget for...
Burget Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 2,100...
Burget Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 2,100 client-visits, but its actual level of activity was 2,110 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for July: Use the following data for questions 27-30 Data used in budgeting: Fixed element Variable element per month per client-visit Revenue - $47.10 Personnel expenses $22,700 $16.90 Medical supplies 1,600 6.50 Occupancy expenses 6,900 1.50...